Anheuser-Busch InBev SA/NV (NYSE:BUD) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) saw strong trading volume on Friday. Approximately 2,208,616 shares were traded during trading, an increase of 3% from the average daily volume of 2,137,744 shares. The stock last traded at $84.1870 and had previously closed at $85.20.

Analysts Set New Price Targets

BUD has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Thursday, September 24th. TD Cowen reduced their target price on Anheuser-Busch InBev SA/NV from $89.00 to $85.00 and set a “hold” rating for the company in a report on Tuesday, October 13th. Wells Fargo & Company decreased their price target on Anheuser-Busch InBev SA/NV from $97.00 to $88.00 and set an “overweight” rating for the company in a research report on Monday, October 5th. UBS Group reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, September 24th. Finally, Weiss Ratings raised Anheuser-Busch InBev SA/NV from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, October 30th. Twelve analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $87.83.

Anheuser-Busch InBev SA/NV Trading Down 0.6%

The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.50 and a current ratio of 0.66. The company has a 50 day simple moving average of $79.25 and a two-hundred day simple moving average of $78.05. The company has a market cap of $170.95 billion, a PE ratio of 16.92, a PEG ratio of 1.25 and a beta of 0.53.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last issued its earnings results on Thursday, October 29th. The consumer goods maker reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.12. The company had revenue of $16.51 billion for the quarter, compared to the consensus estimate of $15.91 billion. Anheuser-Busch InBev SA/NV had a return on equity of 17.28% and a net margin of 15.42%. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.99 EPS. Sell-side analysts forecast that Anheuser-Busch InBev SA/NV will post 4.39 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BUD. JCIC Asset Management Inc. lifted its position in Anheuser-Busch InBev SA/NV by 0.4% in the 3rd quarter. JCIC Asset Management Inc. now owns 31,221 shares of the consumer goods maker’s stock worth $2,294,000 after buying an additional 126 shares in the last quarter. CoreCap Advisors LLC boosted its stake in shares of Anheuser-Busch InBev SA/NV by 32.8% during the 2nd quarter. CoreCap Advisors LLC now owns 595 shares of the consumer goods maker’s stock valued at $49,000 after buying an additional 147 shares during the period. Persium Advisors LLC boosted its stake in shares of Anheuser-Busch InBev SA/NV by 1.4% during the 1st quarter. Persium Advisors LLC now owns 10,890 shares of the consumer goods maker’s stock valued at $755,000 after buying an additional 152 shares during the period. Versant Capital Management Inc grew its holdings in shares of Anheuser-Busch InBev SA/NV by 1.6% during the 3rd quarter. Versant Capital Management Inc now owns 9,988 shares of the consumer goods maker’s stock valued at $734,000 after acquiring an additional 155 shares in the last quarter. Finally, Apollon Wealth Management LLC grew its holdings in shares of Anheuser-Busch InBev SA/NV by 3.3% during the 3rd quarter. Apollon Wealth Management LLC now owns 4,876 shares of the consumer goods maker’s stock valued at $358,000 after acquiring an additional 158 shares in the last quarter. 5.53% of the stock is owned by hedge funds and other institutional investors.

About Anheuser-Busch InBev SA/NV

Anheuser-Busch InBev SA/NV is a global brewing company headquartered in Leuven, Belgium. It brews, markets and distributes beer and other beverages through a portfolio of international and local brands, including Budweiser, Bud Light, Stella Artois, Corona, Michelob Ultra and Beck’s.

The company sells its products across markets worldwide, with operations spanning multiple regions, including North America, Latin America, Europe, Africa and Asia. Its business also includes non-alcoholic beer and other beverage offerings, alongside brewing and distribution services.

Anheuser-Busch InBev was formed in 2008 through the combination of InBev and Anheuser-Busch, bringing together brewing businesses with roots in Europe and the United States.